NOT LISTED FOR SALE
8 Beds
4 Baths
3,968 Sq Ft
1929 Built

Last Sold August 31, 2022

Last sale price $375,000 $95 Per Sq Ft

117 Days on Market

About This Home

As of August 2022

SOLID BRICK 4-FLAT, LOCATED IN THE HEART OF EVERYTHING CHATHAM HAS TO OFFER. LOCATION! LOCATION! EACH UNIT HAS 2 LARGE BEDROOMS, LARGE LIVING ROOM, AND EAT-IN KITCHEN. LONG TERM TENANTS ON LEASE THAT HAVE TURNED INTO MONTH-TO-MONTH TENANTS AND PAY ALL UTILITIES. ROOF REPLACED 3-4 YEARS OLD. THERE ARE 2 VACANCIES THAT HAVE BEEN REMODELED. PROPERTY HAS OPPERTUNITY FOR INCREASED RENTS, AND LIVE FREE AS OWNER OCCUPY. NEWER WINDOWS, PORCH, WROUGHT IRON FENCE. THERE IS ALSO WASHER/DRYER IN BASEMENT, ANOTHER OPPORTUNITY TO GENERATE SOME ADDITIONAL INCOME. *SALE WILL BE AS IS

Last Agent to Sell the Property

Yvette Crisp

Coldwell Banker Realty License #475130368 Listed on: 04/03/2022

Coldwell Banker Realty

Last Buyer's Agent

Ebony Purnell

Coldwell Banker Realty License #475196922

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,630

Year Built

  • Built in 1929

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near park

Community Details

Building Details

  • Electric Expense $450
  • Insurance Expense $2,568
  • Maintenance Expense $7,200
  • Water Sewer Expense $3,596
  • Gross Income $38,400

Additional Features

  • 4 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,630

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1929
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Sidewalks
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Curbs, Gated, Sidewalks, Street Lights

Fee Information

  • Water Sewer Expenses: 3596
  • Trash Expense Year: 0

Lot Info

  • Lot Dimensions: 3968
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Insurance Expense: 2568
  • ElectricExpense: 450
  • GrossIncome: 38400
  • Maintenance Expense: 7200
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3630
  • Tax Year: 2020
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $375,000 0.0% $95 / Sq Ft
07/30/2022 07/30/22 Pending -- -- --
07/26/2022 07/26/22 For Sale $375,000 0.0% $95 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $375,000 0.0% $95 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $375,000 0.0% $95 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
04/03/2022 04/03/22 For Sale $375,000 -- $95 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,064 $30,000 $2,344 $27,656
2024 $5,064 $30,000 $2,344 $27,656
2023 $4,936 $24,000 $3,906 $20,094
2022 $4,936 $24,000 $3,906 $20,094
2021 $4,826 $23,999 $3,906 $20,093
2020 $3,630 $16,297 $2,812 $13,485
2019 $3,721 $18,520 $2,812 $15,708
2018 $3,658 $18,520 $2,812 $15,708
2017 $4,435 $20,601 $2,500 $18,101
2016 $4,126 $20,601 $2,500 $18,101
2015 $3,775 $20,601 $2,500 $18,101
2014 $3,426 $18,466 $2,187 $16,279
2013 $3,358 $18,466 $2,187 $16,279
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11364277

Midwest Real Estate Data (MRED)

APN: 25032070010000